If Your Company Misses the Deadline to Set Aside a Statutory Demand — What Happens Next?

Last month, we discussed the ways in which a company can respond to a statutory demand. But what happens if the strict 21-day deadline to apply to set it aside is missed? If the deadline passes without action, the company is legally presumed to be insolvent. A creditor is able to rely on that presumption [...]

2026-03-26T05:52:33+00:00March 26th, 2026|Dispute Resolution|Comments Off on If Your Company Misses the Deadline to Set Aside a Statutory Demand — What Happens Next?
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When Your Company Receives a Statutory Demand, What Comes Next?

A statutory demand is a serious legal notice. It is not a routine request for payment, and should not be ignored or procrastinated over. Companies failing to respond to a statutory demand within a fixed prescribed timeframe may face winding-up proceedings. A statutory demand is a formal demand for payment issued under section 459E of [...]

2026-02-24T04:06:05+00:00February 24th, 2026|Compliance, Corporate Advisory, Dispute Resolution, Litigation|Comments Off on When Your Company Receives a Statutory Demand, What Comes Next?
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